MARKETS

Xstrata wants more

XSTRATA and major shareholder Glencore are reportedly chasing a takeover offer of at least £50 ($A109.40) per share after rejecting Vale's informal offer of £40 for each share earlier this week.

Rebecca Lawson
Xstrata wants more

A Brazilian newspaper has reported that Xstrata and Glencore want Vale to increase its bid to $US95 billion ($A106 billion), a price more than what the Brazilian mining company is willing to pay.

Both companies are remaining tight lipped on the deal.

Earlier this week it was reported that Xstrata had rejected an informal offer of just under £40 per share, valuing the bid at around £38.9 billion or $A84 billion.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.